NJR Stock Analysis: NewJersey Resources | NYSE
Utilities - Regulated Gas | NYSE, USA | Market Cap: 5.235m USD | 12M Return: 13.7% | US6460251068 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 39.7M
EPS Trend: 75.5%
Qual. Beats: 0
Rev. Trend: 85.8%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
New Jersey Resources Corporation (NYSE: NJR) is an energy services holding company headquartered in Wall, New Jersey, founded in 1922. The company operates through four segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services, and Storage and Transportation. Its regulated natural gas utility serves residential and commercial customers across six New Jersey counties, including Burlington, Middlesex, and Monmouth. The company has expanded into clean energy investments, operating commercial and residential solar installations across the Northeast and Midwest, and also provides energy management services, home HVAC and plumbing offerings, and natural gas storage and transmission assets.
As a gas utility operating under the GICS Utilities sector, NJRs core business benefits from regulated rate structures that provide predictable returns on approved capital investments, while its diversification into clean energy ventures aligns with broader utility industry trends toward renewable energy generation and decarbonization. Mid-cap utility holdings like NJR typically appeal to income-focused investors due to the sectors generally defensive cash flow profile.
- New Jersey rate case decisions drive distribution segment earnings
- Clean Energy Ventures solar portfolio expansion lifts renewable revenue
- Energy Services margins exposed to natural gas wholesale price swings
| Net Income: 366.2m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA 3.28 > 1.0 |
| NWC/Revenue: -14.21% < 20% (prev -8.46%; Δ -5.75% < -1%) |
| CFO/TA 0.16 > 3% & CFO 1.25b > Net Income 366.2m |
| Net Debt (4.02b) to EBITDA (791.2m): 5.08 < 3 |
| Current Ratio: 0.66 > 1.5 & < 3 |
| Outstanding Shares: last quarter (101.8m) vs 12m ago 1.40% < -2% |
| Gross Margin: 28.30% > 18% (prev 26.17%; Δ 2.13% > 0.5%) |
| Asset Turnover: 29.23% > 50% (prev 28.72%; Δ 0.50% > 0%) |
| Interest Coverage Ratio: 4.32 > 6 (EBIT TTM 589.5m / Interest Expense TTM 136.3m) |
| A: -0.04 (Total Current Assets 619.4m - Total Current Liabilities 937.1m) / Total Assets 8.02b |
| B: 0.21 (Retained Earnings 1.66b / Total Assets 8.02b) |
| C: 0.08 (EBIT TTM 589.5m / Avg Total Assets 7.65b) |
| D: 0.49 (Book Value of Equity 2.64b / Total Liabilities 5.38b) |
| Altman-Z'' = 1.45 = BB |
| DSRI: 0.92 (Receivables 202.0m/204.1m, Revenue 2.24b/2.09b) |
| GMI: 0.92 (GM 26.17% / 28.30%) |
| AQI: 1.01 (AQ_t 0.12 / AQ_t-1 0.12) |
| SGI: 1.07 (Revenue 2.24b / 2.09b) |
| TATA: -0.11 (NI 366.2m - CFO 1.25b) / TA 8.02b) |
| Beneish M = -3.11 (Cap -4..+1) = AA |
As of October 08, 2026, the stock is trading at USD 50.96 with a total of 607,874 shares traded. Over the past week, the price has changed by +0.71%, over one month by -4.72%, over three months by -10.47% and over the past year by +13.66%.
Current recommended Stop Loss: 49.50 (which is 2.9% or 1.5 ATR below the current price).
NewJersey Resources has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy NJR.
- StrongBuy: 3
- Buy: 2
- Hold: 3
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 59.9 | 17.5% |
P/E Trailing = 14.2909
P/E Forward = 14.8588
P/S = 2.3353
P/B = 2.0236
P/EG = 2.2165
Revenue TTM = 2.24b USD
EBIT TTM = 589.5m USD
EBITDA TTM = 791.2m USD
Long Term Debt = 3.20b USD (from longTermDebt, last quarter)
Short Term Debt = 508.4m USD (from shortTermDebt, last quarter)
Debt = 4.06b USD (from shortLongTermDebtTotal, last quarter) + Leases 177.0m
Net Debt = 4.02b USD (calculated: Debt 4.06b - CCE 34.0m)
Enterprise Value = 9.26b USD (5.23b + Debt 4.06b - CCE 34.0m)
Interest Coverage Ratio = 4.32 (Ebit TTM 589.5m / Interest Expense TTM 136.3m)
EV/FCF = 121.7x (Enterprise Value 9.26b / FCF TTM 76.1m)
FCF Yield = 0.82% (FCF TTM 76.1m / Enterprise Value 9.26b)
FCF Margin = 3.40% (FCF TTM 76.1m / Revenue TTM 2.24b)
Net Margin = 16.38% (Net Income TTM 366.2m / Revenue TTM 2.24b)
Gross Margin = 28.30% ((Revenue TTM 2.24b - Cost of Revenue TTM 1.60b) / Revenue TTM)
Gross Margin QoQ = 9.13% (prev 32.04%)
Tobins Q-Ratio = 1.15 (Enterprise Value 9.26b / Total Assets 8.02b)
Interest Expense / Debt = 3.36% (Interest Expense 136.3m / Debt 4.06b)
Taxrate = 22.59% (106.9m / 473.0m)
NOPAT = 456.3m (EBIT 589.5m * (1 - 22.59%))
Current Ratio = 0.66 (Total Current Assets 619.4m / Total Current Liabilities 937.1m)
Debt / Equity = 1.53 (Debt 4.06b / totalStockholderEquity, last quarter 2.64b)
Debt / EBITDA = 5.08 (Net Debt 4.02b / EBITDA 791.2m)
Debt / FCF = 52.87 (Net Debt 4.02b / FCF TTM 76.1m)
Total Stockholder Equity = 2.54b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.79% (Net Income 366.2m / Total Assets 8.02b)
RoE = 14.42% (Net Income TTM 366.2m / Total Stockholder Equity 2.54b)
RoCE = 10.27% (EBIT 589.5m / Capital Employed (Equity 2.54b + L.T.Debt 3.20b))
RoIC = 6.03% (NOPAT 456.3m / Invested Capital 7.56b)
WACC = 3.91% (E(5.23b)/V(9.29b) * Re(4.92%) + D(4.06b)/V(9.29b) * Rd(3.36%) * (1-Tc(0.23)))
Discount Rate = 4.92% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 93.89 | Cagr: 1.19%
[DCF] Terminal Value 75.44% ; FCFF base≈76.1m ; Y1≈76.4m ; Y5≈80.9m
[DCF] Fair Price = N/A (negative equity: EV 1.26b - Net Debt 4.02b = -2.76b; debt exceeds intrinsic value)
EPS Correlation: 75.52 | EPS CAGR: 17.46% | SUE: 0.41 | # QB: 0
Revenue Correlation: 85.78 | Revenue CAGR: 10.67% | SUE: -0.03 | # QB: 0
EPS current Quarter (2026-12-31): EPS=1.23 | Chg30d=+0.61% | Revisions=+0% | Analysts=4
EPS current Year (2026-09-30): EPS=3.57 | Chg30d=+0.60% | Revisions=+0% | GrowthEPS=+8.5% | GrowthRev=+7.5%
EPS next Year (2027-09-30): EPS=3.45 | Chg30d=+0.17% | Revisions=+0% | GrowthEPS=-3.4% | GrowthRev=-0.6%
[Analyst] Revisions Ratio: +0% (up=4, down=4)